North Fulton Congressman Tom Price (GA/ R) voted against the Bush Administration's $700B financial services bailout bill yesterday, along with 60 percent of mostly conservative GOP House members. 93 House Democrats also voted against.
In an exclusive interview last night with the Beacon, Price said "At the beginning of this I stated that we needed to adhere to at least three fundamental principles. One: taxpayers need to be protected. Two:private markets, private equity, and private cash need to have an opportunity to assist in this recovery.Three: there needs to be a clear exit strategy with a finite period of time so that we know that a large new bureaucracy will not be created. None of those fundamental principles were satisfied in the bill that came to the floor today [Monday]."
Price said he is looking forward to working with House members to fashion a new bill that will adhere to,"fundamental American principles."
You can read the full transcript of the Price interviewin this week's Beacon or on Beaconcast.com tonight. Price challenger, Democrat candidate Bill Jones, could not be reached for comment yesterday or today. Poll-email us back and let us know how you stand on the bailout bill. Comments and results will be posted on Friday on Beaconcast.com.
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